Baku 28° C
SOFAZ to keep currency composition of its investment portfolio stable next year
Finance
- 08 December, 2023
- 08:45
In 2024, the share of the US dollar in the investment portfolio of the State Oil Fund (SOFAZ) is predicted to be 65%, the euro - 20%, the British pound - 5%, and other foreign currencies - 10%.
Report informs, citing the Accounting Chamber's opinion on the Fund's 2024 budget, that it is the same as the 2023 forecast.
Besides, the Chamber states that the share of debt obligations and money market instruments in SOFAZ's investment portfolio next year will be at least 50%, percentage of the shares will be a maximum of 25%, real estate at a maximum of 10%, and gold at a maximum of 15%.
Author
Latest News
08:43
Vučić says US temporarily lifts tariffs on Serbian goods
Other countries08:23
Hakan Fidan, Andrii Sybiha discuss Russia–Ukraine war
Region08:10
US strike on LPG tanker in Gulf of Oman leaves two dead
Other countries08:01
Photo
Azerbaijan highlights energy efficiency challenges at UN
Foreign policy23:53
Trump says China and Russia do not help Iran with weapons
Other countries23:45
Bahrain and Kuwait secretly carried out airstrikes on Iran in July — WSJ
Other countries23:33
Azerbaijan minister of defense extends condolences to Pakistani side
Military23:10
Latvia summons Russia's charge d'affaires over destruction of Latvian consulate in Sloviansk
Other countries22:56